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RESAAS Expands AI-Driven Capabilities to Accelerate Growth of Commercial Data Exchange

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RESAAS Services announced accelerated growth of its Commercial Data Exchange platform (CODE), powered by Artificial Intelligence. The platform is expanding into new customer types and national markets, particularly serving Research, Market Intelligence, and Data Operations departments of Commercial Brokerages. The company has implemented a self-serve onboarding process and is expanding beyond its current 'office' asset class to include secondary and tertiary asset classes. RESAAS CODE operates on a subscription-based model, generating monthly recurring revenue from Brokerage and Institutional Landlord customers.

RESAAS Services ha annunciato una crescita accelerata della sua piattaforma Commercial Data Exchange (CODE), alimentata da Intelligenza Artificiale. La piattaforma si sta espandendo verso nuovi tipi di clienti e mercati nazionali, servendo in particolare i dipartimenti di Ricerca, Intelligenza di Mercato e Operazioni Dati delle Agenzie Commerciali. L'azienda ha implementato un processo di onboarding self-service e si sta espandendo oltre la sua attuale classe di attivi 'immobiliari' per includere classi di attivi secondari e terziari. RESAAS CODE opera su un modello basato su abbonamento, generando un reddito ricorrente mensile da clienti Broker e Proprietari Istituzionali.

RESAAS Services anunció un crecimiento acelerado de su plataforma Commercial Data Exchange (CODE), impulsada por Inteligencia Artificial. La plataforma se está expandiendo hacia nuevos tipos de clientes y mercados nacionales, sirviendo especialmente a los departamentos de Investigación, Inteligencia de Mercado y Operaciones de Datos de los Corretajes Comerciales. La empresa ha implementado un proceso de registro autogestionado y se está expandiendo más allá de su actual clase de activos 'oficina' para incluir clases de activos secundarios y terciarios. RESAAS CODE opera con un modelo basado en suscripciones, generando ingresos recurrentes mensuales a partir de clientes de Corretaje y Propietarios Institucionales.

RESAAS Services인공지능이 지원하는 상업 데이터 교환 플랫폼(CODE)의 가속 성장 소식을 발표했습니다. 이 플랫폼은 새로운 고객 유형과 국가 시장으로 확장되고 있으며, 특히 상업 중개업체의 연구, 시장 정보 및 데이터 운영 부서를 지원하고 있습니다. 회사는 셀프 서비스 온보딩 프로세스를 구현했으며 현재 '사무실' 자산 클래스를 넘어 2차 및 3차 자산 클래스를 포함하도록 확장하고 있습니다. RESAAS CODE는 구독 기반 모델로 운영되며 중개업체 및 기관 임대 고객으로부터 월 recurring 수익을 발생시키고 있습니다.

RESAAS Services a annoncé une croissance accélérée de sa plateforme Commercial Data Exchange (CODE), propulsée par Intelligence Artificielle. La plateforme s'étend à de nouveaux types de clients et à des marchés nationaux, servant particulièrement les départements de Recherche, d'Intelligence de Marché et d'Opérations de Données des Courtiers Commerciaux. L'entreprise a mis en place un processus d'intégration en libre-service et s'élargit au-delà de sa classe d'actifs 'bureau' actuelle pour inclure des classes d'actifs secondaires et tertiaires. RESAAS CODE fonctionne sur un modèle d'abonnement, générant des revenus récurrents mensuels provenant des clients Courtiers et Propriétaires Institutionnels.

RESAAS Services hat ein beschleunigtes Wachstum seiner Commercial Data Exchange-Plattform (CODE), die von Künstlicher Intelligenz unterstützt wird, angekündigt. Die Plattform erweitert sich auf neue Kundentypen und nationale Märkte und bedient insbesondere die Abteilungen für Forschung, Marktintelligenz und Datenoperationen von Handelsmaklern. Das Unternehmen hat einen selbstbedienenden Onboarding-Prozess implementiert und erweitert sich über seine aktuelle 'Büro'-Vermögensklasse hinaus, um sekundäre und tertiäre Vermögensklassen einzubeziehen. RESAAS CODE arbeitet nach einem abonnementsbasierten Modell, das monatlich wiederkehrende Einnahmen von Brokerage- und institutionellen Vermieter-Kunden generiert.

Positive
  • Implementation of AI capabilities driving platform growth
  • Introduction of self-serve onboarding to streamline customer acquisition
  • Expansion into additional asset classes beyond office space
  • Subscription-based model generating monthly recurring revenue
Negative
  • None.

VANCOUVER, BC, Nov. 7, 2024 /PRNewswire/ - RESAAS Services Inc. ("RESAAS") (TSXV: RSS) (OTCQB: RSASF), a leading provider of technology solutions for the real estate industry, today announced accelerated growth of the Company's Commercial Data Exchange platform (CODE), fueled by the use of Artificial Intelligence (AI).

AI capabilities within RESAAS CODE are fueling growth across new customer types and into new national markets. This innovation follows RESAAS's commitment to delivering accessible data solutions to drive advancements within the Commercial Real Estate Industry, in particular for the Research, Market Intelligence and Data Operations departments of Commercial Brokerages.

"RESAAS brings innovation to the commercial real estate sector, empowering our customers with real-time market visibility, scalable growth, and data-driven expansion across multiple asset classes and national markets," said Tom Rossiter, RESAAS CEO. "With recent enhancements, new customers will be able to join CODE through a self-serve onboarding process."

As demand from existing customers grows, RESAAS is committed to expanding the number of asset classes that CODE supports. With the "office" asset class already live and in use, secondary and tertiary asset classes are being integrated already. These additions will further position RESAAS CODE as a comprehensive data exchange platform across a growing number of commercial real estate categories.

RESAAS CODE securely receives, organizes, transforms and shares Data with Brokerage customers. Brokerage and Institutional Landlord customers subscribe on an annual basis to access RESAAS CODE, generating monthly recurring revenue.

About RESAAS Services Inc.

RESAAS is an award-winning technology company serving the Real Estate Industry, uniting all Real Estate Brokerages and Agencies in one Global, Centralized Industry Platform.

Over 600,000 RESAAS Agents in 160 countries have access to unique Real Estate Data, providing access to qualified international referrals and Coming Soon listings only available inside RESAAS. 

Some of Real Estate's largest organizations leverage RESAAS to provide Business Intelligence, new business opportunities, and real-time industry-wide communication. For more information, please visit www.resaas.com.

Disclaimer

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from RESAAS Services Inc.'s expectations and projections.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/resaas-expands-ai-driven-capabilities-to-accelerate-growth-of-commercial-data-exchange-302299140.html

SOURCE RESAAS Services Inc.

FAQ

What new AI capabilities has RESAAS (RSASF) announced for its CODE platform in November 2024?

RESAAS announced AI-enhanced capabilities in its Commercial Data Exchange platform (CODE) to fuel growth across new customer types and national markets, particularly focusing on Research, Market Intelligence and Data Operations departments of Commercial Brokerages.

What asset classes does RESAAS (RSASF) CODE platform currently support?

Currently, RESAAS CODE platform supports the 'office' asset class, with plans to integrate secondary and tertiary asset classes.

How does RESAAS (RSASF) generate revenue from its CODE platform?

RESAAS generates monthly recurring revenue through annual subscriptions from Brokerage and Institutional Landlord customers who access the CODE platform.

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